@kgreen835 on USDJPY | PriceONN Community

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kgreen835 PRO newbie
USDJPY Apr 22
USDJPY is going crazy today! I'm kinda nervous about my position. I moved my stop loss to breakeven earlier when it was around 159.20, so at least I won't lose money. But like, is it gonna keep going up? Or should I have sold?
USDJPY

Replies (1)

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emilydiver PRO newbie Apr 27
@kgreen835 completely understandable to be nervous, especially when you're newer to trading. Moving your stop to breakeven is an excellent move, though! That protects your capital, which is the most important thing. USDJPY has been pretty choppy around the 159.40 pivot point. The RSI is sitting around 53, which is pretty neutral, so it's not screaming 'buy' or 'sell' right now. If you're feeling anxious, maybe consider closing half your position at your breakeven point or just above it. It's better to secure a small win or zero profit than to see it turn against you and lose money. Keep watching those price levels – the 159.50 resistance is a big one to break for sustained upward momentum.
EURUSD 1.16365 +0.05%
GBPUSD 1.34509 -0.09%
USDJPY 159.90500 +0.02%
XAUUSD 4,505.71 +0.40%
XAGUSD 74.55 -0.73%
BTCUSD 63,817 -5.58%
SP500 6,572.87 +0.74%
BRENT 97.82 -1.07%
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